Top Metaverse Crypto Coins To Buy In 2023

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Last Updated April 26th 2023
17 Min Read

‘Metaverse’ is a word that most people have heard by now. This exciting new concept has been one of the major trends to hit the cryptocurrency market in recent months. And wherever there are new trends in crypto, there are also new investment opportunities. 

Several of the top metaverse cryptocurrencies are already widely known and have attracted huge amounts of attention from investors and the general public. There have already been metaverse transactions worth several million dollars and it seems that several major platforms - including Facebook - are looking to move into the metaverse space. 

So how do investors choose which projects are going to prove a success and which are likely to fall by the wayside? In the following article, we’ll be taking a look at the best metaverse crypto coins to buy in 2023, highlighting some of the projects we think could make it big in the coming years. 

Best Metaverse Coins To Buy In 2023

  • Decentraland -  Most Well-Known Project In 3D Metaverse
  • The Sandbox -  Top Metaverse Coin For Play-to-earn, NFTs and 3D World
  • Axie Infinity -  Best Metaverse Crypto Coin For Play-to-Earn Gaming
  • Enjin -  Next Metaverse Coin Poised For Major Growth
  • Meta Hero -  Unique Metaverse Projects To Invest In
  • Metacity -  New Metaverse Project With Plenty Of Room For Growth
  • RedFox -  Promising Metaverse Coin To Keep An Eye On
  • Gala -  Next Big Thing In Play-to-earn Gaming
  • Bloktopia -  Booming Metaverse Project With VR Capabilities
  • SushiSwap -  Decentralized Exchange Offering an NFT Marketplace


Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Top Metaverse Crypto Coins To Buy In 2023

So what are the best metaverse cryptocurrencies to invest in in 2023? The reality is that investors have quite a few options and even the term metaverse crypto covers a fairly diverse selection of projects. The list below includes the projects we think show real promise and have a clearly defined objective within any potential metaverse.

Of course, there are plenty of other tokens that could rightly have been included and there are no guarantees that the aforementioned projects will yield significant gains for investors in future, but we think these are some of the best projects in the space today. Read on to find out why.

1. Decentraland

Decentraland is amongst the most well-known metaverse projects. It also has the advantage of having been fairly quick out of the blocks too, having launched in 2020. Decentraland is built on the Ethereum blockchain and offers users the chance to enter a 3D virtual world with their own custom-created avatars.

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Whilst users entering Decentraland can use its native token, MANA, to buy and sell all manner of items, arguably its most notable market is real estate. When you buy a plot of land in Decentraland, you effectively acquire an NFT which means you actually own that virtual land.

You can build a house on your land, a museum, an arcade, the possibilities are endless. Decentraland real estate is big business too - in 2021 a plot sold for the equivalent of $2.4 million. This makes it one of the best options for those looking to start investing in metaverse cryptos.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

2. The Sandbox

The Sandbox is another 3D virtual world that is effectively in competition with Decentraland. Developed by Pixowl co-founders Arthur Madrid and Sebastien Borget, the Sandbox differs from other crypto metaverse projects with its emphasis on user-generated content. The idea is that users can build games, markets and in-game attractions with minimal coding skills required. 

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The Sandbox ticks quite a few boxes - play-to-earn, NFTs and a fully-fledged 3D metaverse. As time goes on, it is intended to play host to a complete digital economy that will be underpinned by its native cryptocurrency, SAND. Like Decentraland, the possibilities for The Sandbox are limitless, and when you consider how successful non-blockchain-based ‘sandbox’ games, such as Minecraft, have been then it's easy to see how SAND could be a very good investment in 2023. 

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

3. Axie Infinity

Axie Infinity is one of the leading play-to-earn crypto platforms. Like most blockchain-based games, it allows users to collect and trade NFTs which can then be sold or exchanged with other players. The premise of the game is pretty simple and thematically it harks back to Nintendo’s early Pokemon games. Users create their own Axies–which are like cartoon monsters that can be trained and even bred to create new characters. 

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Axie Infinity is built on Ethereum but utilises its own Ronin side chain to ensure fees are low and there’s little network congestion. One of the biggest advantages of the game is how accessible it is–it's simple to play and suitable for all ages.

So far, the formula appears to be a success, as there are estimated to be over 8.5 million Axie Infinity players worldwide. If the project continues to perform as it has done, then its two native tokens, AXS and SLP, could become highly sought after in the near future. 

Don't Miss: Axie Infinity (AXS) Price Prediction 

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

4. Enjin

Enjin is a project that actually predates the cryptocurrency industry, having first launched as a gaming platform back in 2009. Today, the Enjin focuses on giving developers the means to tokenise software assets - in other words, creating NFTs.

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Built on the Ethereum blockchain, Enjin offers a platform to effectively underwrite in-game transactions. However, Enjin can be used for just about any digital asset and can integrate seamlessly with a variety of digital platforms.

Given the explosion in popularity of NFTs over 2021, projects like Enjin could well be poised for major growth. The market for gaming alone is expected to be worth almost $260 billion by 2025 and Enjin has legitimate credibility within the industry. If it can establish itself as the go-to platform for in-game transaction functionality, then we could see ENJIN making serious gains over the next few years. 

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

5. Meta Hero

Meta Hero is an intriguing project and another one that is aiming to be a big part of the metaverse. It leverages the latest 3D scanning technology to allow users to create digital assets based on the likenesses of real-world objects. The most obvious use of this would be to create an avatar that actually resembled the person behind it, which could then represent them in metaverse spaces. 

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In order to provide its service, Meta Hero plans to build its highly advanced scanning booths in key locations across the globe. It is then offering to allow 100,000 people to scan themselves into NFT form every year. This is certainly an interesting approach and one that certainly sets Meta Hero apart from other metaverse tokens.

Whether there will be significant uptake of its scanning services remains to be seen, but investing in its native token, HERO, could be a smart move for those looking to gain exposure to one of cryptocurrencies more unique projects. 

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

6. Metacity

Metacity styles itself as ‘the capital of the metaverse’ and allows users to build a complete virtual lifestyle. It’s essentially a play-to-earn game that is a mix of Minecraft and The Sims, both of which are hugely successful gaming franchises. Users can buy their own property in Metacity’s virtual space, which they can then decorate, redesign and even rent out to other users. 

top metaverse coin to buy

Metacity allows users to create virtual furniture in the form of NFTs as well as create their own unique avatar.

The whole Metacity ecosystem is driven by its native cryptocurrency, $METACITY. Users can earn the token within the game and use it to buy additional upgrades or property. It also serves as the governance token for the project. Admittedly, there are other metaverses out there of a similar nature, but Metacity is still in its infancy–which means it has plenty of room for growth. 

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

7. RFox

RedFox is another ambitious project looking to provide a complete metaverse experience. According to the platform itself, RFox will focus on retail, entertainment, gaming, and rewards. It seeks to offer developers and organisations a one-stop-shop to create anything from financial systems to games and NFTs.

best metaverse crypto to buy

RFox is actually quite a broad term for what is a range of projects, originating from the RedFox Labs, which was originally set up to boost blockchain usage in developing economies across south-east Asia.

There’s RFOX gaming, an up-and-coming play-to-earn gaming platform, as well as RFOX vault, which is a fully immersive retail and entertainment experience. RedFox Labs is also working on an additional e-commerce platform. Given that all of these projects are powered by the RFOX token, it’s certainly one investors will want to keep an eye on. 

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

8. Gala

Gala Games is an Ethereum-based gaming platform that is similar to Steam, which is one of the leading gaming streaming services. Whereas projects like Axie Infinity are essentially a single game, Gala wants to provide a platform for the building and deployment of crypto-driven play-to-earn titles.

The idea here is that the Gala platform will look like any other gaming site and will not require users to have an in-depth understanding of blockchain and NFTs in order to enjoy the games. 

top metaverse crypto for gaming streaming services

Gala games is still in its infancy but as more titles are added to its roster, it is likely to grow in popularity. At the time of writing, the platform already has around 1.3m gamers active every month and an estimated 26,000 in-game NFTs have been sold or exchanged via the platform. If play-to-earn games are going to be the next big thing, then Gala already has a major foothold and could prove to be one of the big names in the industry. 

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

9. Bloktopia

Bloktopia is another intriguing project that brings something different to the world of metaverse cryptocurrencies. Its 3D virtual space takes the form of a 21-storey building in which users can buy floor space. They can then trade, interact and game with other users or simply learn more about cryptocurrency and blockchain. Naturally, the limit of the building means that space will eventually become scarce and this, in theory, could make it very valuable real estate.

top metaverse crypto to buy

But Bloktopia is more than just a virtual reality gaming space. The platform is looking to create ways in which users can generate content and income within the metaverse. For example, users can create and trade ad space, or even host events.

Bloktopia makes our list as the project is in a state of expansion, with everything from crypto gambling to e-commerce in the pipeline. As such, now could be a good time to invest in its native token, BLOK. 

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

10. SushiSwap

Perhaps a surprise inclusion in this list, given that SushiSwap is known as one of the leading DeXs on the market. However, the project has recently expanded into the world of NFTs, launching its Shoyu NFT marketplace. It is already proving popular with digital artists looking to create their work in a tradable format and allows them to exhibit their work before it goes up for general sale.

top metaverse crypto to buy

SushiSwap has a few advantages over other NFT creation platforms. Firstly, it does not require Ether from users looking to create NFTs–unlike many other Ethereum-based projects. This means very low fees for those looking to mint tokens. In addition to this, the SushiSwap rewards system means any xSushi holders earn a percentage of all transaction fees on Shoyu NFT. Given the existing popularity of SushiSwap, we think its move into NFTs could prove lucrative. 

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

What Exactly Is A Metaverse?

Before we start looking at the top metaverse tokens for 2023, we should probably look at exactly what a metaverse is, because the concept can be confusing. Put simply, a metaverse is a virtual world that allows those entering it to partake in any number of activities, from shopping to video gaming. Effectively, it is a 3D rendering of the internet - a virtual reality version of cyberspace.

The metaverse could rightly be described as the next evolution of the internet. It potentially provides a completely digital economy in which users can work, communicate, shop and be entertained. There are already platforms with metaverse elements - Fortnite being a good example, as the game is set in a virtual world in which people can buy and sell items and even attend the odd concert. But the metaverse is a much more all-encompassing concept.

This may all sound very futuristic, but major tech giants like Facebook (recently rebranded as Meta), Microsoft and Google are already working towards building metaverse spaces. Just how big the metaverse concept could be remains to be seen, but the possibilities certainly are impressive. 

Metaverse And Cryptocurrency

Metaverse Coins

Metaverse is a pretty big buzzword at the moment, but where exactly does cryptocurrency fit in? There are several ways in which blockchain technology is likely to form an essential part of any ongoing metaverse developments.

Firstly, a metaverse requires virtual spaces in which users can ‘meet’ and interact. Of course, there are no rules for how such spaces will operate, but platforms like Decentraland have already built pretty impressive worlds with some seriously valuable virtual real estate. The nature of blockchain technology and the increased focus on interoperability in recent years means these platforms could be perfectly placed to build digital economies.

These economies will also have different sectors, such as finance, entertainment, gaming and more. All of these are functions that blockchain can deliver in a metaverse without the need for a single authority overseeing everything.

Then there are the issues of property, avatars and items exchanged within the metaverse. These are effectively digital items that will require immutable proof of ownership. Naturally, non-fungible tokens are the perfect medium for such items and cryptocurrency projects that specialise in these tokens could find themselves at the forefront of the metaverse revolution.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Conclusion - Best Metaverse Crypto Coins

The concept of the metaverse is likely to be a very big thing in the coming years. From social media to corporate board meetings, 3D virtual spaces could very realistically become part of our daily lives within the next five-to-ten years and investors looking to get on board will need to move fast to reap maximum benefits.

The cryptocurrencies we’ve listed represent some of the quickest and most convenient ways for investors to gain exposure to metaverse projects. Of course, the great thing about these projects is it's relatively easy for prospective investors to actually try them out for themselves, so they can see exactly what they are buying into.

We should point out that not every metaverse cryptocurrency is going to be a runaway success. For example, Decentraland and The Sandbox are arguably competing for the same user base, so in all likelihood, we will see one win out over the other–particularly if they join forces with other projects to provide a more complete experience.

As with all cryptocurrency investing, metaverse tokens carry an inherent risk. They are highly volatile assets and, at this stage, no one knows what the future of the metaverse will be. Any potential investors will need to research the concept thoroughly and make sure they are aware of the leading metaverse crypto projects in 2023, as well as those from the world of big tech. 

Where To Buy Metaverse Crypto Coins

You’ll find that metaverse cryptocurrencies are widely listed on exchanges just as any other cryptocurrency tokens. If you are looking to add them to your portfolio, then you’ll need to make sure your current wallet supports the tokens–many of which are ERC-20 tokens. Of course, if you intend to play NFT games, you’ll also need a place to safely store these tokens as well.

Most major exchanges will list a selection of metaverse tokens, but for the average investor, we usually recommend eToro. Not only does the platform list several major names, such as Decentraland, Enjin and Axie Infinity, but it also offers an award-winning trading platform that most users can get to grips with almost immediately. 

eToro – The Best Platform To Buy Metaverse Coins

Open an account with eToro, deposit some funds with USD, and finally – buy metaverse coins for just $10.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

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What is a metaverse?

The term metaverse can be difficult to get to grips with. There are different ideas of what a metaverse can be but in general terms it is a virtual space in which people can interact, as well as buy and exchange digital assets. Many tech firms are now working toward building a fully immersive metaverse experience, which could usher in the next evolution of the internet as we know it. 

What are the top metaverse cryptocurrencies?

Metaverse cryptocurrencies are fairly broad in scope. They include everything from play-to-earn games to content-creation platforms. Among the most well-known metaverse cryptos are Decentraland, Enjin and Axie Infinity–all of which have seen some fairly impressive price movement over the last year or so. 

What is the best metaverse crypto to buy?

Several so-called metaverse projects look set to take the world by storm in the coming months, the challenge for investors is trying to identify the best metaverse cryptos to buy. Realistically, several major projects have the potential to ‘explode’, but the best bet is probably to go with the established platforms, such as Axie Infinity, Decentraland or Gala. 

How do I buy metaverse crypto?

If you are looking to invest in metaverse crypto, the good news is that you can buy tokens on the open market just as you would any other. There are numerous exchanges and brokers out there listing metaverse cryptocurrencies, but we recommend eToro for most investors, as it has an award-winning trading platform, competitive fees and a wealth of learning resources.